IAG vs IAUX: Correlation
Iamgold Corporation (IAG) and i-80 Gold Corp. (IAUX) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IAG and IAUX?
Over the past 3 years, IAG and IAUX moved with a correlation of 0.58, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.84 versus 0.58 over 3 years. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 3291.5 %².
Among the 14 assets we track against IAG, IAUX ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IAUX ahead by 17.1 points (+135.2% versus +152.3%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
IAG vs IAUX: side by side
| IAG (Iamgold Corporation) | IAUX (i-80 Gold Corp.) | |
|---|---|---|
| 1-year return | +135.2% | +152.3% |
| 5-year return | +832.5% | -7.4% |
| Volatility (ann.) | 61.7% | 91.2% |
| Beta vs S&P 500 | 1.24 | 1.99 |
| Max drawdown (3Y) | -43.3% | -82.6% |
| Market cap | $12.3B | $1.7B |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IAG | IAUX |
|---|---|---|
| 2022 | -17.6% | +15.0% |
| 2023 | -1.9% | -37.6% |
| 2024 | +104.0% | -72.4% |
| 2025 | +219.6% | +201.0% |
| 2026 | +30.6% | +31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IAG and IAUX good diversifiers for each other?
Only partially. A correlation of 0.58 means IAG and IAUX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IAG and IAUX?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.84 over the last year and 0.53 over 5 years.
Is IAUX a good diversifier for IAG?
Only partially. A correlation of 0.58 means IAG and IAUX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: IAG correlations · IAUX correlations
